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President Donald Trump has signed an executive order titled "Strengthening American Leadership in Digital Financial Technology," aiming to regulate and promote the cryptocurrency industry. The order seeks to protect access to public blockchain networks and encourages the development of dollar-backed stablecoins. It also prohibits the creation and use of central bank digital currencies (CBDCs) in the U.S. and revokes previous cryptocurrency-related orders. 

Additionally, the order establishes the Presidential Task Force on Digital Asset Markets, led by David Saks, which is tasked with presenting regulatory proposals within 180 days. The administration's goal is to provide regulatory clarity and prevent financial exclusion in the crypto sector. Following the announcement, Bitcoin's price experienced a slight decline, trading around $103,000.

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**Fun Fact Of The Day**

Stay informed about regulatory changes in the cryptocurrency space, as new policies can significantly impact market dynamics and investment strategies.

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